Sample Essay on:
Marx's Labor Theory of Value

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Essay / Research Paper Abstract

This 5 page paper looks at this well known Marxist theory and concludes that the theory is absolutely essential to Marxism. The theory is explained and its relationship to communism is noted. Bibliography lists 4 sources.

Page Count:

5 pages (~225 words per page)

File: RT13_SA209Mrx.rtf

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Unformatted sample text from the term paper:

as they can. Many believe that the capitalist system is the best system and in fact, in looking at the world, it does appear that the capitalist nations are the best off. Although that seems to be the case, many people do not agree. They contend that a better system would be communism so all can share in the wealth. They point out that while capitalism appears stellar, it is because those who are conspicuous in their consumption make it appear as if the system enables all to benefit. Most know that this is not the case. Those who support communism for example also suggest that capitalism is good only because it takes advantage of people in third world countries and the nations themselves. Globalization in part perpetuates the paradigm where the rich become richer and the poor remain poor. On the other hand, capitalists contend that communism was initiated in many countries and it has not been a success. This is an important point, but while communism has failed, the model has never been implemented in the way that Marx intended. In fact, most communist governments to come about in the twentieth century were corrupt in nature and they never had the financial backing to get off the ground. They were doomed from the outset. At least, that is likely how Karl Marx and Friedrich Engels would probably see it. A compelling statement that comes from the Marx-Engels reader is: "All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses, his real conditions of life, and his relations with his kind" (Tucker, 1978, p. 476). Here, the philosophical undertones highlight an argument that suggests man is after all made of flesh and he also has ...

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